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It wasn't an accident.
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@Humpleupagus @SeaRobb Most of the people with student loans for worthless degrees are libtards, his guys
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@Humpleupagus @SeaRobb I still feel sorry for them. naive and gullible people taken advantage of
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Obama purposely federalized loans with the dual goal of eliminating the private student debt market and controlling university curriculum by controlling the money.
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Yup. And his party outlawed private institutional loans. Loans from family are still allowed.
The plan was always to be lax on underwriting, and to crash the market and/or forgive the loans (since they're government owned, the 5th amendment prohibition on the taking of property would no prohibit forgiveness, unlike a privately owned loan).
There's really not much of a difference between lending and forgiveness and a direct payor system.
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@Humpleupagus @SeaRobb So Obama made it a federal burden for the public? Rather than let the private sector decide who gets a student loan and letting them deal with recouping the fees
"Tray Von could have been my son, and I would've wanted him to be able to go to college"